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Vodafone Idea Ltd
(IDEA)
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Rating:50Neutral
Price Target:
₹13.50
▲(2.82% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak and volatile operating profitability and a highly stressed balance sheet with negative equity and heavy leverage, despite improving operating cash flow and a swing back to positive free cash flow in 2026. Technical signals are mixed-to-moderately positive, and valuation looks inexpensive on P/E, but risk remains elevated given solvency pressure.
Positive Factors
Improving Cash Generation
The sharp improvement in operating cash flow and the return to positive free cash flow strengthen liquidity. If sustained, internally generated cash could support network investment and gradually improve the company’s ability to manage its leveraged balance sheet.
Negative Factors
Severely Leveraged Balance Sheet
Persistent negative equity and debt exceeding the asset base materially constrain financial flexibility. High leverage increases refinancing and solvency risk, leaving less capacity to fund network investment or absorb adverse changes in competition and regulation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
The sharp improvement in operating cash flow and the return to positive free cash flow strengthen liquidity. If sustained, internally generated cash could support network investment and gradually improve the company’s ability to manage its leveraged balance sheet.
Read all positive factors
Vodafone Idea Ltd (IDEA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.52T
Dividend YieldN/A
Average Volume (3M)84.53M
Price to Earnings (P/E)4.9
Beta (1Y)1.27
Revenue Growth3.30%
EPS GrowthN/A
CountryIN
Employees9,500
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)2.87
Shares Outstanding108,343,030,000
10 Day Avg. Volume77,103,532
30 Day Avg. Volume84,531,396
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-2.57
Price to Sales (P/S)2.05
P/FCF Ratio14.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.69
Revenue Forecast (FY)₹496.34B
Vodafone Idea Ltd Business Overview & Revenue Model
Company Description
Vodafone Idea Limited, an Indian telecommunications firm, delivers a wide array of mobile connectivity solutions across the nation. Its offerings span voice and data services, supported by 2G, 3G, and 4G technologies, along with broadband access. ...
How the Company Makes Money
Vodafone Idea primarily generates revenue by selling telecommunications services to subscribers and enterprises. Its core revenue stream is service revenue from mobile customers, including (1) recurring and usage-based charges for voice calling, (...
Vodafone Idea Ltd Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
12
Very Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 455.14B | 448.73B | 434.56B | 425.73B | 421.43B | 384.98B |
| Gross Profit | 56.45B | -20.66B | 190.86B | 182.55B | 183.19B | 175.76B |
| EBITDA | 784.31B | 781.51B | 115.99B | 105.53B | 102.27B | 93.12B |
| Net Income | 374.06B | 345.52B | -273.83B | -312.38B | -293.01B | -282.45B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.92T | 1.98T | 1.85T | 2.07T | 1.94T |
| Cash, Cash Equivalents and Short-Term Investments | 37.15B | 58.38B | 63.10B | 1.68B | 8.95B | 14.59B |
| Total Debt | 0.00 | 1.93T | 2.33T | 2.44T | 2.38T | 2.14T |
| Total Liabilities | 357.58B | 2.27T | 2.68T | 2.89T | 2.82T | 2.56T |
| Stockholders Equity | -357.58B | -357.58B | -703.20B | -1.04T | -743.59B | -619.65B |
Cash Flow | ||||||
| Free Cash Flow | 36.21B | 64.72B | -23.52B | 192.12B | 132.47B | 112.75B |
| Operating Cash Flow | 104.72B | 174.51B | 76.53B | 208.26B | 188.69B | 173.87B |
| Investing Cash Flow | -17.92B | -69.24B | -167.01B | -19.07B | -54.14B | -57.30B |
| Financing Cash Flow | -80.69B | -86.78B | 91.37B | -189.80B | -146.79B | -105.54B |
Vodafone Idea Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹12.01T | 40.50 | ― | 1.26% | 19.63% | -18.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹1.52T | 4.89 | ― | ― | 3.30% | ― | |
49 Neutral | ₹473.30B | 50.54 | ― | 1.39% | 8.12% | -33.60% | |
49 Neutral | ₹73.64B | 197.11 | ― | ― | -7.19% | ― | |
44 Neutral | ₹2.21B | -0.02 | ― | ― | -11.59% | 3.43% | |
43 Neutral | ₹16.81B | -0.56 | ― | ― | 68.07% | 14.04% |
* General Sector Average
IN:IDEA
Vodafone Idea Ltd
14.05
6.98
98.73%
IN:BHARTIARTL
Bharti Airtel Limited
1,943.50
34.62
1.81%
IN:MTNL
Mahanagar Telephone Nigam Limited
26.81
-19.27
-41.82%
IN:RCOM
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0.80
-1.05
-56.76%
IN:TATACOMM
Tata Communications Limited
1,678.10
84.30
5.29%
IN:TTML
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37.44
-21.45
-36.42%
Vodafone Idea Ltd Corporate Events
Vodafone Idea Sets August 27 Virtual AGM With Governance Resolutions
Aug 4, 2026
Vodafone Idea Limited has scheduled its thirty-first Annual General Meeting for August 27, 2026, to be conducted via video conferencing, where shareholders will review the audited standalone and consolidated financial statements for the financial ...
Vodafone Idea Clears Massive Employee Stock Option Grant Under 2024 Scheme
Jul 13, 2026
Vodafone Idea Limited’s Nomination and Remuneration Committee has approved the grant of 13,89,72,376 stock options and performance stock units to eligible employees under its 2024 employee equity incentive scheme. The options are priced at R...
Vodafone Idea Allots 430 Crore Promoter Warrants in Capital-Raising Move
Jun 22, 2026
Vodafone Idea Limited has approved the allotment of 430 crore warrants on a preferential basis to Suryaja Investments Pte. Ltd., an Aditya Birla Group promoter entity, at an issue price of Rs 11 per warrant, with 25% of the consideration already r...
Vodafone Idea Promoters Report No New Share Encumbrances in FY 2026
Jun 10, 2026
Vodafone Idea Limited has disclosed that its promoter shareholders, including several Vodafone group investment entities, have not created any new encumbrances on their shares in the company during the financial year ended 31 March 2026. The only ...
Bombay High Court Quashes Rs. 2,113 Crore OTSC Demand Against Vodafone Idea
Jun 9, 2026
Vodafone Idea Limited has secured a favorable ruling from the Bombay High Court, which quashed demand notices issued by the Department of Telecommunications for one-time spectrum charges totaling Rs. 2,113 crore on the former Idea Cellular and Spi...
Vodafone Idea Files FY26 Annual Secretarial Compliance Report
May 26, 2026
Vodafone Idea Limited has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2026, in line with Regulation 24(A)(2) of the SEBI Listing Obligations and Disclosure Requirements. The report, prepared by an independe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.